Roundhill Magnificent Seven ETF (BATS:MAGS) Sets New 1-Year High – Still a Buy?

Roundhill Magnificent Seven ETF (BATS:MAGS)’s share price reached a new 52-week high on Thursday . The company traded as high as $69.28 and last traded at $69.06, with a volume of 344327 shares traded. The stock had previously closed at $68.46.

Roundhill Magnificent Seven ETF Stock Up 0.6%

The business has a 50-day moving average price of $61.89 and a two-hundred day moving average price of $64.29. The firm has a market cap of $3.02 billion, a PE ratio of 35.22 and a beta of 1.31.

Institutional Trading of Roundhill Magnificent Seven ETF

A number of large investors have recently modified their holdings of MAGS. JPMorgan Chase & Co. purchased a new stake in shares of Roundhill Magnificent Seven ETF during the second quarter worth $3,768,000. Cooksen Wealth LLC purchased a new stake in shares of Roundhill Magnificent Seven ETF during the second quarter worth $948,000. Captrust Financial Advisors increased its position in shares of Roundhill Magnificent Seven ETF by 28.4% during the second quarter. Captrust Financial Advisors now owns 8,311 shares of the company’s stock worth $461,000 after acquiring an additional 1,836 shares during the period. J.Safra Asset Management Corp grew its stake in shares of Roundhill Magnificent Seven ETF by 3.4% during the third quarter. J.Safra Asset Management Corp now owns 1,467,479 shares of the company’s stock worth $95,181,000 after purchasing an additional 47,697 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Roundhill Magnificent Seven ETF during the third quarter worth $51,000.

Roundhill Magnificent Seven ETF Company Profile

The Roundhill Magnificent Seven ETF (MAGS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers highly concentrated exposure to the largest and most liquid leading technology stocks. The fund invests primarily through swaps and forwards. MAGS was launched on Apr 11, 2023 and is issued by Roundhill.